The 2008 annual report of the Sonic Corporation reported minimum lease payments receivable of $3,292,000 and a

Question:

The 2008 annual report of the Sonic reported minimum lease payments receivable of $3,292,000 and a net investment in direct financing leases of $2,500,000. What accounts for the difference between these two amounts? Explain.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...